For some reason most hard money lenders require having an LLC or business entity. What do you guys think about that? Up till now I haven’t felt the need to form an LLC because I haven’t even bought one investment prop...

Hello BiggerPockets!

I come to you with a two fold question, but first I would like to present a little background. I'm attempting purchase a Mobile Home Park in MO which includes some SFR in the deal. The seller is...

Hey BP family,  I attended a real estate workshop a few weeks ago and was told that I should setup my LLC in Nevada because the benefits of incorporating in Nevada are amazing.  Is this true?  A company based out of N...

[We have been landlords for 8+ years in TX, and for the last 5 we were also renters in CA. Where we live, it is more economical to rent than to own. So we know both sides of the transaction.]We are about to sign a new...

I am in the process of buying a banked owned property.  We have signed the contract and put a ridiculous (IMO) earnest money down of 10% in escrow at their title company.  It has been about three days since we put the...

I (my SDIRA) received a K-1 with “current year increase” of $2,749. This is for a real estate syndication. I was not expecting to be hit with UBIT until the end of this partnership, when equity is to be liquidated. ...

So the other day I put in an offer on a property (making it my 5th house), I was told a few days later that there was multiple offers blah blah blah. So I adjusted my offer but didn't really except to get it, non the ...

Background
     - Location: Bay Area Peninsula
     - House Price: ~$1M, Mortgage $700k
     - Rent with similar square footage:  $4000/month
Running the number, it looks like it marginally break-even.

But I re...

Hello BP community,I own a 2-fam townhouse in PA. The upstairs tenant moved in about 2 years ago and since obtained a pitbull. The HOA has dog size restrictions and this pitbull does not qualify. A neighbor recently c...